Automated Test Equipment Market Size, Share, Growth, Trends, Revenue and Forecast by 2027
By 2027, the Automated Test Equipment Market is anticipated to rise from USD 7.0 billion in 2022 to USD 8.8 billion, expanding at a CAGR of 4.7%. The automated test equipment market is predicted to increase because it offers tremendous opportunities in the automotive industry and decreases manufacturing time and costs. To increase their market share, the major competitors in the automated test equipment market have mostly used acquisition and partnership methods. Chroma ATE bought all of the Environmental Stress Systems, Inc. shares in January 2022. (ESS). Thermal forcing systems with a temperature range of 104 to 175 degrees Celsius are the major output of ESS. Chroma ATE will be able to use this technology to suit the testing needs of the wafer market and expand its expertise in temperature management in semiconductor test equipment. To provide bidirectional power supplies that support battery cycling and power-level testing for electric vehicles (EVs), National Instrume...